Meme coins called after “Kekius Maximus” rose late Sunday night after tech magnate Elon Musk discussed it in an X post.
What took place: Ethereum ETH/USD– based Kekius Maximus (KEKIUS) leapt 10% in a matter of minutes after Musk’s post, according to CoinMarketCap. The coin’s market appraisal struck $32.97 million, showing a 1.07% spike in the 24-hour duration.
Another similarly-named coin, KEKIUS, based upon Solana SOL/USD however with a significantly smaller sized appraisal, increased 9.5% considering that the post.
The rally follows Musk published a clip from what seemed the computer game “Course of Exile.”
” Kekius Maximus pit level 117, hardcore rank 1,” Musk composed, revealing a character called Kekius Maximus in fight.
Disclosure: 82% of retail CFD accounts lose cash
See Likewise: From Warren Buffett’s Berkshire Hathaway To Jeff Bezos’ Amazon– Bitcoin Is Now Beating These Wall Street Titans
Why It Matters: Kekius Maximus– a mix of “Pepe the Frog” and “Maximus Decimus Meridius,” the renowned character from the film Gladiator– shot to prominence after Musk utilized it as his X profile name on New Year’s Eve 2024.
Ever Since, the coin has actually experienced short bursts of significant development, helped by Musk’s social networks activity. Last month, Musk altered his X profile name to Kekius Maximus and upgraded his profile image, illustrating him as an ancient warrior called “Emperor Kekius Maximus.”
Benzinga Note: Purchasing meme coins is extremely speculative and includes substantial danger. Meme coins typically do not have intrinsic worth and are driven by market belief, social networks patterns, and speculative trading
Picture Courtesy: Frederic Legrand– COMEO On Shutterstock.com
Read Next:
Market News and Data gave you by Benzinga APIs